RWA stablecoin war! ENA and USUAL, who is the real king?
In the cryptocurrency circle, USDT and USDC are like two big guys, both saying that they are pegged to the US dollar at a 1:1 ratio. Recently, Europe said that it would ban USDT, which made everyone a little panicked. But don't worry, USDT and USDC can be exchanged with each other, no problem.
Let's talk about the veteran USDT first. It has been in the crypto circle since 2014, and it is backed by the US dollar of Tether Limited, and its value is stable. On blockchains such as Ethereum and Tron, USDT circulates very quickly and is simply the hard currency for crypto transactions. However, the MiCA regulations to be issued by Europe may give it a headache, saying that it is not transparent enough and the supervision is not strict. But in the long run, Tether should be able to handle it.
Let's take a look at the newcomer USDC. USD Coin is also equivalent to the US dollar, and Coinbase and Circle have joined forces. On blockchains such as Ethereum and Algorand, USDC is also doing well. Although USDT is still the leader now, USDC's market share is growing rapidly and the momentum is very strong.
Some people say that USDT and USDC are scams? That's pure nonsense. They are like encrypted versions of the US dollar. Although they are not as exciting as meme coins, they are stable and reliable, and are reassuring for traders. Of course, you have to decide whether to buy or hold them, don't just listen to me.
In general, USDT and USDC are like two pearls in the crypto world, both representing the value of the US dollar. We traders have to be smart and adjust according to the market changes. If USDT is not going well in Europe, we will switch to USDC, a reliable brother, to ensure smooth transactions.
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